Sentences with phrase «minimum premium»
The phrase "minimum premium" refers to the smallest amount of money you need to pay for an insurance policy or a financial investment. It represents the lowest cost or payment required to start or maintain the coverage or investment. Full definition
Variable minimum premium for plan 1: Depends on chosen sum assured.
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Variable minimum premium for plan 1: Depends on various factors.
Even with minimum premium payment, child plans are able to provide as much as 10 times the amount paid in the child education plan.
With minimum premium payment, you will be able to redeem returns that are as significant as 10 times the paid amount.
There is a 10 year no - lapse guarantee as long as minimum premium payments are made.
Different states have different minimum premium requirements for car owners.
You can get many additional coverage's in minimum premium while purchasing the policy online.
The annual home insurance rates in our study were for a policy which includes minimum premium discounts for limited wind mitigation features.
The initial minimum premium payment is $ 5,000, and minimum subsequent premiums are $ 100.
The annual home insurance rates in our study were for a policy which includes minimum premium discounts for limited wind mitigation features.
For example, funeral insurance often has a two - year minimum premium paying period before you can collect and they often only cover you until you are 100.
Getting only as much coverage as would be required to pay a low minimum premium is a wrong decision.
Fixed minimum premium for plan 1 is $ 3000.
To avoid this, many insurers offer guaranteed death benefits up to a certain age as long as a given minimum premium is paid.
As long as the policy minimum premium is paid, the policy may remain in force.
Guaranteed product features are dependent upon minimum premium requirements and the claims - paying ability of the issuer.
Your insurer may charge you a small minimum premium when your policy begins.
This allows us to do away with punitive minimum premiums, and allows renters to save a fortune on insurance.
The insured would be eligible for an additional minimum premium reduction from the liability base rate, if the principal operator of the automobile has successfully completed an acceptable accident prevention course.
Instead of having fixed premiums, you can choose to increase or decrease the amount of your premiums as long as a specific minimum premium payment gets made.
Variable minimum premium for plan 2: Depends upon sum assured, age, policy term, etc..
There is a 10 year no - lapse guarantee as long as minimum premium payments are made.
Variable minimum premium for plan 1: Depends on the sum assured, age of the insured and the policy term.
The initial minimum premium payment is $ 5,000, and minimum subsequent premiums are $ 100.
Under these circumstances, the insurer may offer a guarantee of death benefit coverage regardless of the cash value in the policy provided that you pay a set minimum premium payment.
One can avail this product by paying minimum premium of Rs. 5,000 annually or Rs. 1,000 monthly.
There is no limit on maximum premium which you can pay.The minimum premiums required will depend on choice of option and premium payment frequency that you choose
With minimum premium rates offered by the policy, any individual, who is eligible, can subscribe to this policy without any hassles.
Do minimum premiums apply to the policy?
Minimum premium under various Premium Payment terms and premium frequencies are mentioned below.
Minimum premium value is INR 18,000 / -.
At any of the policy anniversary date, the insured can choose to alter his premium paying frequency into any other premium paying mode, available under the plan, given minimum premium limits allowed under the plan.
With a reasonably affordable minimum premium and no limit on the maximum on the premium or maximum Sum Assured, the policyholder can opt for a high insurance cover for him or herself.
To make UL policies more attractive, insurers have added secondary guarantees, where if certain minimum premium payments are made for a given period, the policy remains in force for the guaranteed period even if the cash value drops to zero.
This is based on a multiple of the policy's required minimum premium back end charges which are normally larger than front - end charges.
Generally, premiums must be paid on time and the target premium represents the new minimum premium for the guaranteed death
However, premiums made to the policy are flexible and more premium may be added to the policy than the contractually guaranteed minimum premium amount.
Assuming that known minimum premiums are made each year, GUL policies will stay in - force for the insured's lifetime.
The most prevalent is written on Lloyds paper through any number of wholesalers, each with a different set of program and brokers» fees, as well as varying minimum premiums.
* Minimum premium of $ 275.00 incl.
Hence LIS advises people to get insured as early as possible so as to avail benefits of maximum life cover at minimum premiums.
Variable minimum premium for plan 2: Not Mentioned.
GULs provide lifetime coverage with specific guarantees that guarantee the death benefit as long as minimum premium payments are made.
At any time, you can opt to alter your regular premium payment frequency to any other frequency (i.e. yearly, half - yearly, quarterly or monthly), so long as the existing and requested frequencies can be aligned and subject to minimum premium limits under the plan.
With minimum premium Rs. 300 and maximum Rs. 2000.
As LIC Bima Account 1 has an affordable minimum premium and a short policy term, it is not a long term commitment.
To that end, insurance companies developed a version of universal life that had secondary guarantees added, where if certain minimum premium payments are made for a given period, the policy will remain in force for the guarantee period even if the cash value drops to zero.